Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: GRVT against SunX+0.028%7-day average −0.012% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.028%, 7d avg −0.012%

Together, before fees−0.095%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.040% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	745.38	0	get 0.0000% / 8h	7h 56m	$571	$8.0M	20x
Short	GRVT META_USDT_Perp	745.59	0	get 0.0000% / 8h	7h 56m	$12K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee GRVTbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.012%: $4.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$12.97
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; GRVT: live order book, 41 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 12 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 41 min ago	0.94 bp	7.4 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

META on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	745.36	−0.003%	$335K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	745.11	−0.036%	$481K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.95	+0.076%	$480K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.25	−0.017%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.44	+0.008%	$25.4M	$190.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.25	−0.017%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.51	+0.017%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.24	−0.019%	$476K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.17	−0.028%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	+0.285%	$2.5M	$3.2M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perpshort	0.0000%	8h	745.59	+0.028%	$12K	$438K	10x
SunX META-USDTlong	0.0000%	8h	745.38	long leg	$571	$8.0M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.95	−0.058%	$53K	$293K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.15	−0.031%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.62	+0.032%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0036%	1h	745.51	+0.017%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.030%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.81	+0.058%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.48	+0.013%	$177K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.92	−0.062%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	−0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.30	−0.011%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.26	−0.016%	—	—	5x	as long as short
Lighter RH META	+0.0080%	1h	745.63	+0.034%	$795K	$2.9M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.99	+0.082%	$49K	$91K	10x	as long as short
edgeX METAUSDC	+0.0098%	4h	746.55	+0.157%	$62K	$346K	10x	as long as short
Pacifica META	+0.0100%	1h	745.54	+0.022%	$632	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.63	+0.034%	$1.6M	$737K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.048%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.61	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.003%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.15	−0.031%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.152%	$176K	$52K	30x	as long as short
Lighter META	+0.0320%	1h	745.79	+0.055%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0466%	1h	745.41	+0.004%	$84.6M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0552%	1h	745.43	+0.007%	$33K	$105	20x	as long as short
Phoenix META	+0.0750%	1h	748.38	+0.402%	$799K	$1.5M	20x	as long as short